XRP: Is the bullish bias lost?

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XRP: Is the bullish bias lost?XRP / TetherUSBINANCE:XRPUSDTMasterAnandaTen days of bearish action and the 28-February low remains unchallenged, not to mention the 6-February low. Long story short: The sideways market continues. Consolidation at bottom prices. The bullish potential of the chart is not lost. The fact that ten days of bearish action produces no new lows can be read as bullish. Prices are not rising but they are definitely not moving lower. Another signal that supports the bullish case relates to the October 2025 low. This level also remains unchallenged. XRPUSDT moved below it only briefly on the 5-6 Feb and then recovered. After the recovery, it was never tested again, a price of $1.25. The 28-Feb drop found buyers at $1.27 and the session quickly reversed creating a hammer and green close. The lowest close happened yesterday, 27-March at $1.32. Before this date, the lowest session close after the final low was $1.34. We are looking at the chart up-close. The bearish case gains strength if XRPUSDT moves and closes lower today, 28-March. If we see a drop and close below $1.27 or $1.25, then the bears might be re-entering the game; or, it might be the final higher low before additional growth. The sideways phase has been going for a while now, 50 days. It can extend further. It is desirable to see some bullish action though or the bullish bias can weaken if no buyers show up. It is a neutral chart, that's the thing about a sideways period, the end result can be down or up. The market is yet to decide, but some positive signals appear from the smaller altcoins, many continue to break-up. Some of the smaller altcoins move lower based on a slow and steady decline, a continuation. Not a new move, not a strong lower low. On the other hand, the ones breaking up are doing this with force. Here we see the end of the correction, followed by sideways and then a bullish breakout. This supports the assumption that this sideways phase is a transition period, but things can change fast... We continue bullish nonetheless. Unless the action moves below the 6-February low at $1.11, we expect a bullish wave to show up. Only if support breaks with a continuation do we think about a lower low. Right now, support is not being challenged... Conclusion: The bullish bias is not lost. Namaste.